oligopoly
noun as in strong fondness
Word Combinations
Example:The automobile industry is often cited as an example of an oligopolistic market.
Definition:A market situation characterized by oligopoly where companies have a dominant share and can control prices and quantities of goods or services.
From oligopolistic market
Example:Several large tech firms are considered oligopolistic in the smartphone market.
Definition:Companies operating in an oligopoly, where they have significant market power and influence over prices and production levels.
From oligopolistic firms
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